Assets Cash Accounts receivable Long-term investments Equipment SUNLAND SHOES Balance Sheet December 31 2021 2020 $24,816 $15,576 21,296 19.624 20,240 14,080 52,800 61,600 (12,320) (8,800 ) $106,832 $102,080 Accumulated depreciation-equipment Total Liabilities and Shareholders' Equity Accounts payable Notes payable $17.248 $9,768 8,800 26,400 Equipment Accumulated depreciation-equipment Total Liabilities and Shareholders' Equity 52,800 61,600 (12,320) (8,800) $106,832 $102,080 Accounts payable $17,248 $9,768 Notes payable 8,800 26,400 Common shares 52,800 39,600 Retained earnings 27,984 26,312 Total $106,832 $102,080 Additional Information: 1. Profit was $24,904. Dividends declared and paid were $23,232. Additional Information: 1. Profit was $24,904. Dividends declared and paid were $23,232. 2. 3. Equipment that cost $8,800 and had accumulated depreciation of $1,056 was sold for $3,784. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation. Calculate free cash flow. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $ eTextbook and Media